I would like to know what drives that difference. For example, Cleaning and Maint is not included in column c, so those expenses do not get included in line 20, total expenses.
You'll need to sign in or create an account to connect with an expert.
Losses on vacation homes are limited by the time used for personal vs. rental time. Expenses are taken in an IRS specified order. Once you've deducted enough expenses in that specific order to incur a loss, additional expenses which apply only to rental use are not allowed.
Losses on vacation homes are limited by the time used for personal vs. rental time. Expenses are taken in an IRS specified order. Once you've deducted enough expenses in that specific order to incur a loss, additional expenses which apply only to rental use are not allowed.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
obeteta
New Member
tocguy
Level 3
Jama2
Level 1
Irasaco
Level 2
BobbyC777
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.